Forex trading is a way of investing which involves trading one currency for another.
All currency trades are done in pairs. When you sell your currency, you receive the payment in a different currency.
Every traveler who has gotten foreign currency has done forex trading.
For example, when you go on vacation to Europe, you exchange dollars for euros at the going rate. You sell U.S. dollars and buy euros. When you come back, you sell euros and buy U.S. dollars.
A Forex broker is a person or a company that acts as a middleman in financial transactions. Basically, a broker will offer to buy and sell currencies for its clients, and make a profit on the spread (the difference between the buy and sell prices).
There are two types of Forex brokers: Retail Brokers and Market Makers.
Retail brokers offer foreign currency trading to retail customers. Retail brokers generally do not offer to buy and sell currencies to one another.
Market makers offer both buy and sell positions and act as market makers on one side of a transaction when a customer places an order. Many market makers also offer retail brokerage services to retail customers.
We are a trading educational platform and trading community of individuals who have a unique, minimalistic approach to trading the Foreign Exchange (FX) markets, while yielding maximum gains.
We do not use indicators and focus on order flow, supply & demand, market structure and price action, allowing you to view the market with complete clarity.
Absolutely! SmartMoneyFX has members from countries across over the world, this includes: Asia, North America, South America, the Caribbean and so forth.
No matter where you currently reside, you are welcome to join us.
No.
We believe that if you wish to become a consistently profitable trader over the long term and become truly self-sufficient, then developing such a dependence on such services would negate the type of independently profitable trader that individual is seeking to become.
Instead, we encourage individuals to master the skill for themselves, and truly become financially free.
As you will come to learn, either through our mentorship programs or through our community chat, ANY amount of money can be used to start forex trading.
Our recommended amount to start however is minimum US $100 - $200.
As the minimum deposit is US$5 on most brokers, the smallest amount anyone can use to trade is US$5, but in the hands of a skillful SmartMoney trader, even that amount can be traded up into a considerable amount, with time, patience and efficient trading tendencies.
The most popular plan is our Mentorship , our self-paced SMFX course.
Its designed for individuals who want to learn at their own pace, fine tune their skills and consistently make profits all from the comfort of their own home.
SmartMoneyFX is for traders at all levels.
The simple and extremely effective approach to forex allows members with little to a lot of knowledge to immediately grasp each concept and most importantly trade with more clarity and pure confidence.
The rich course content of the Mentorship course contains over 40+ hours of video content and can be effectively covered in little under a week so students can effectively learn true price action trading.
Also, Due to online webinars done from weekly, the online video library will always be growing.
For members who cant catch the webinars live they always have the option to re-watch them later via the online video library.
Your purchase of the online Mentorship course gives you lifetime access to all member features SmartMoneyFX currently upholds and all of the non stop value we consistently provide.
We never upsell you and pride ourselves on going above and beyond to ensure your growth.
Forex requires dedication and a passion for trading.
Its a effective way of creating financial freedom but like any industry it takes hard work, consistency and the right mindset.
At SmartMoneyFX we give our members all the necessary tools to ensure they successful dominate the markets week in and out and most importantly become self sufficent traders.
Yes.
One to one coaching is available to all current and aspiring members.
On our Pricing page, you will find everything included in 1 on 1s.
If you have any coaching related questions, feel free to reach out to us at smartmoney.fxtc@gmail.com
At SmartMoneyFX we discourage such practices.
It is strictly prohibited to share login information and any content provided here at SMFX.
To do so will result in an immediate suspension and possible termination of your membership.